So, on the one hand Barack Obama is out there blaming the sky’s color on George W. Bush, and on the other hand he is taking claim for keeping those same tax rates, (which have been in place for over a decade now,) as his tax cuts.
Take-a-way quote, “I know that private enterprise is sitting on tons of capital, tons of cash, just waiting for those idiots in Washington to take their foot off of the brakes.”
Thomas DiLorenzo explains the differences between Mercantilism and Capitalism, which some of you may know under different names, crony capitalism and the free market price system. Often times while debating folks from the left, they’ll compare the results often achieved by the free market system with Perfection, and declare that since the system I advocate is not indeed Utopia exemplified, it must be abolished for their system, all the while never holding their results to the same standard. The results of those nations who did inflict Socialism and or Marxism upon their populace are indeed replete with the very results that they claim to abhor. This is when the blinders and the rose tinted glasses seem to be put on their faces. The power to lie to oneself is far more damaging than when those lies are told to others.